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$OI's effective tax rate for 2015 grew to 179.7% from 42.2% in 2014. Excluding amounts on items that management considers not representative of ongoing operations, tax rate grew to 25% from 22%. The 2015 tax rate was higher due to geographic earnings mix and timing issues on establishment of legal structure for acquired operations in Mexico.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.